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Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled as to what their next move should be in such a fluid market environment. Still, the industry’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, ending the session up by 0.88% to 1.262 points. But the irregularities among the various sub-segments still are the new “regularities”, with Capesizes (larger ship sizes of 150,000 tons) still earning significantly lower daily income than their smaller counterparts. Up until recently, this had been the case with Panamaxes, with the gap among the two markets, now being among the largest recorded. But, the Supramaxes good fortunes during the past couple of weeks, has helped the even smaller and more flexible ships of this type, to edge forward and surpass even the Capesize segment. The relative Baltic Supramax market is now standing at 1,418 points (+1.43% on the day), versus just 1,314 points of the Baltic Capesize Index.
According to the latest weekly report from Shiptrade Services, on the capesize market iron ore majors are once again out of play this week with new cylcones hitting major ports in Australia. “As a result hardly any fixtures were concluded. The negative freight market, further burdened by the rising bunker prices is shrinking owners returns, who more
often than not have been considering pulling their vessels out of the market until the it picks up again. On the other hand the period market has been quite active this week with good returns, as a result, it often stands as a good alternative to owners” the shipbroker said.
Regarding the booming as of late Supramax market, it mentioned that “the sentiment was positive this week in the Mediterranean, mostly for trips to the US as well as the Continent as a result of fresh cargoes entering the market and a rush of activity deriving thereof. Rates in the Atlantic mainly stayed at similar levels to last week with little fresh enquiry recorded within the Atlantic. The Pacific continued its improvement this week with much activity being directed towards India. Rates have been rising in the spot market as a result. Here too the rise in the paper market has given rise to some significant gains in the short period rates. However many doubt the longevity of this positive sentiment” it said.
As for the Panamax market, it has softened in the Atlantic since last week, with grain demand noted then from the ECSA, now fading, thus resulting in dropped rates. “In the Pacific, the sentiment was mixed with few NOPAC round being concluded while rates hovered at similar levels to last week. On the other hand, the paper market firmed up giving rise to higher returns in the short period market. Finally, in the smaller HandySize market, no significant change has been recorded since last week. The Atlantic healed more or less steady with a generally balanced supply ratio. A spike of activity was seen in the Pacific for trips to the USG and ECSA boosting rates for backhaul trips by over 20% .
In terms of ship purchasing activity, Shiptrade noted that purchase interest has been reduced compared to the previous week. “The Asia markets are holding the leading position, followed by Greek and other markets. In the dry sector, purchase interest concentrated on Handysize, Handymax and Panamax vessels. Furthermore the market is still trying to find a consensus and an equilibrium point with regard to price estimation differences between what buyers are willing to pay for vessel acquisitions and on what levels sellers are willing to sell.
In this regard it would be helpful to mention that although for quite some time we have not witnessed a deal in the late nineties built handymaxes, market rumor has it that a large Japanese handymax bulk carrier built 1996 has been committed to Asian buyers, who were willing to pay a firm very high teens for her” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
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- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- The University of Queensland
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- PTC India Limited - India
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